OMV On Course For 350,000 Boe/D By 2016

Austrian energy group OMV has said it is well on course to achieve its target of 350,000 barrels of oil equivalent/day (boe/d) by 2016 despite the uncertainties in two of its main producing countries – Libya and Yemen. This announcement comes after a year in which the company has more than doubled its project pipeline to around 900mn boe/d.